17 CFR § 3.43 - Relationship to registration.

---
identifier: "/us/cfr/t17/s3.43"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 3.43 - Relationship to registration."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "3.43"
section_name: "Relationship to registration."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "3"
part_name: "REGISTRATION"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 552, 552b; 7 U.S.C. 1a, 2, 6a, 6b, 6b-1, 6c, 6d, 6e, 6f, 6g, 6h, 6 6k, 6m, 6n, 6 6p, 6s, 8, 9, 9a, 12, 12a, 13b, 13c, 16a, 18, 19, 21, and 23."
regulatory_source: "45 FR 80491, Dec. 5, 1980, unless otherwise noted."
cfr_part: "3"
---


# 3.43 Relationship to registration.

(a) A temporary license shall not be deemed to be a registration or to confer any right to such registration.

(b) Unless a temporary license has terminated pursuant to § 3.42, a temporary license shall become a registration with the Commission upon the earlier of:

(1) A determination by the National Futures Association that the applicant is qualified for registration as an associated person, floor broker or floor trader; or

(2) The expiration of six months from the date of issuance unless a notice has been issued under § 3.60 of the initiation of a proceeding to deny registration under section 8a(2) or 8a(3) of the Act.

[49 FR 8219, Mar. 5, 1984, as amended at 49 FR 39534, Oct. 9, 1984; 54 FR 19559, May 8, 1989; 58 FR 19595, Apr. 15, 1993]